Carrefour and Tesco
An interesting ‘alliance’ has been announced between French Carrefour and UK Tesco – according to the AFR, the two giant companies will collaborate in the sourcing and buying area. We see this as somewhat unprecedented, but interesting, as the companies don’t have overlapping markets at present. Tesco and Carrefour are similar in size (around $80-$90 billion in turnover). Is this the prelude to a merger at some stage?